• Arrow has signed a non-binding Memorandum of Understanding (MOU) with Soguipami, the 100% Guinea Government owned entity
• The MOU supports full transparency and compliance with the Guinea Mining Code, and direct ongoing engagement with Soguipami
• The MOU aims to provide clarity and certainty around the permits associated with exploration and potential development of the Niagara Bauxite and Simandou North Iron Projects

Arrow Minerals Limited (ASX: AMD) has signed a Memorandum of Understanding (MOU) with The Société Guinéenne du Patrimoine Minier (Soguipami), the 100% Guinea Government owned entity, which is the equity partner in all Guinea mineral projects which proceed to mining and the manager of Guinea's mineral rights. The non-binding MOU has the potential to produce clarity and certainty around the permits associated with exploration and potential development of the Niagara Bauxite (Niagara) and Simandou North Iron (Simandou North) Projects. In particular, the MOU supports full transparency and compliance with the Guinea Mining Code, and direct ongoing engagement with a wholly owned government organisation that has extensive experience in and a specific commitment to partnering with mining companies to promote development and attract investment in mining and infrastructure projects in Guinea. The purpose of the MOU is to establish a collaborative framework between the parties to support the responsible, timely, and efficient development of Guinea's mineral resources. The MOU contemplates the parties working within the existing regulatory framework to explore opportunities for Arrow to grow its portfolio as a preferred partner in additional large scale in-country mining projects, clarifying the status of its existing permits for exploration and the timely development of bauxite and iron ore mining projects at Niagara and Simandou North.